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privately or wholesale to a dealer. IF the residual value is too low and the car is worth more than the residual than you can sell it to a private party or a dealer and pocket the difference. Just make sure you do it BEFORE the lease terminates. But that's a big if. Usually the residual exceeds the value of the car, as is the case right now on 2000's coming off lease, and leasing is a blessing because when the car doesn't bring the residual at the end, it's the leasing company that takes the hit.
posted by 207.158.49...
Posts in this Thread:
- Lease question, Paul
, Tue, 13 May 2003 10:58:27- the price is correct, dip, Tue, 13 May 2003 13:36:34
- if your residual is lower than the market prices, Trev, Tue, 13 May 2003 13:18:20
- So don't hand it in, sell it....., Mike Lynch
, Tue, 13 May 2003 12:00:30 <-- Viewing This Message - Residual is just a semi-educated guess, phred, Tue, 13 May 2003 11:15:50
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